India Passenger Vehicle Market Rises 15.4% In July 2026

India’s passenger vehicle (PV) market recorded a 15.4 per cent year-on-year increase in registrations in July 2026, reaching 4.12 lakh units compared with 3.57 lakh units in July 2025. JATO Dynamics attributed the growth to continued consumer preference for SUVs, replacement demand, improved vehicle availability and stable economic conditions.

Registrations, however, declined 3.8 per cent month on month from 4.28 lakh units in June 2026. JATO said the sequential decline reflected a normalisation in retail activity following higher volumes in the previous month.

“India's July 2026 passenger vehicle market has again demonstrated healthy double-digit annual growth,” said Ravi Bhatia, president, JATO Dynamics India.

SUVs Account For More Than Half Of July Registrations

SUVs accounted for more than half of all passenger vehicle registrations in July, continuing a trend seen through 2026. Combined with hatchbacks, the two segments represented almost 80 per cent of India’s passenger car market during the month.

The fuel mix remained broadly unchanged from June. Petrol vehicles accounted for 52 percent of registrations, followed by CNG at 24 per cent and diesel at 16 per cent. Electric vehicles accounted for 8 per cent of registrations.

Maruti Suzuki Retains PV Market Leadership

Maruti Suzuki retained the largest share of India’s passenger vehicle market in July, accounting for 39.4 per cent of registrations. Its market share increased by 0.48 percentage points year on year. The company registered 1,62,219 vehicles during the month, according to JATO’s July data.

Tata Motors recorded one of the larger market-share gains, rising to 13.85 per cent, up 1.90 percentage points year on year. The company registered 57,014 vehicles in July. Mahindra held a 13.49 per cent share, with registrations of 55,557 units and a 0.34 percentage-point year-on-year gain in market share.

At the model level, the Maruti Suzuki Dzire was the highest-registered passenger vehicle in July, with more than 21,500 units. The Tata Punch followed with more than 20,000 units, while the Maruti Suzuki Ertiga recorded more than 18,500 units.

JATO said the July market remained centred around SUV-focused manufacturers, while Maruti Suzuki continued to lead and Tata Motors and Mahindra increased their market shares. The data is based on vehicle registrations as of August 1, 2026, with Telangana excluded.